The Car Sale Contract is a crucial document used in Singapore for vehicle ownership transfers. It ensures compliance with local regulations, including LTA requirements and COE transfer procedures. This contract is essential for both private and commercial vehicle sales, protecting both buyer and seller by clearly documenting the vehicle's condition, sale price, warranties, and transfer terms. It addresses Singapore-specific requirements such as road tax, insurance obligations, and vehicle registration transfer procedures.
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1. Parties: Details of seller and buyer, including NRIC/registration numbers
2. Background: Context of the sale and basic vehicle information
3. Definitions: Key terms used in the agreement
4. Vehicle Details: Comprehensive description of the vehicle including registration number, make, model, year
5. Purchase Price: Amount and payment terms
6. Transfer of Ownership: Terms of ownership transfer including COE transfer
7. Warranties: Standard warranties regarding vehicle condition and ownership
8. Completion: Delivery and handover terms
1. Financing Terms: Additional terms when purchase involves external financing or loans
2. Trade-in Details: Terms related to vehicle trade-in when transaction involves exchange of vehicles
3. Extended Warranty: Additional warranty terms beyond standard warranty coverage
1. Schedule 1 - Vehicle Condition Report: Detailed inspection report of vehicle condition including photographs and technical assessment
2. Schedule 2 - Service History: Vehicle maintenance and service records documentation
3. Schedule 3 - Registration Documents: Copies of vehicle registration and Certificate of Entitlement (COE) documents
4. Schedule 4 - Insurance Documents: Current insurance policy details and transfer documentation if applicable
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